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In a given year the nominal growth rate is 7% with inflation and population growth rates of 2% and 1.2% respectively, then real growth rate

In a given year the nominal growth rate is 7% with inflation and population growth rates of 2% and 1.2% respectively, then real growth rate of GDP per capita is:

Question 18 options:

A)

3.8%.

B)

5.0 %.

C)

5.8%.

D)

7.0 %.

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